ShoCard is a digital identity card running on the blockchain and accessible to users through a mobile app

Simplify KYC: bank and insurance could use ShoCard to simplify the onboarding processes.

Cybersecurity: propose a digital identity card as part of the cybersecurity offer and identity theft management.

Concept

ShoCard is a digital identity card built on a public blockchain ledger, aiming at replacing online authentication processes, such as 3D-secure required by banks or credit cards for most online purchases. Users access ShoCard through a free mobile app.

The user’s identity is protected and verified using public and private key encryption, data hashing, out-of-band communication, data matching and multi-factor authentication (any combination of email address, phone number, and biometrics such as fingerprint, facial recognition, iris scan and voice recognition). Users retrieve their information on the ShoCard app.

ShoCard wants to partner with banks to replace their current authentication and is already beta-testing with 2 banks in the USA. Its business model is still developing (to date).

Consumer Benefits

Fraud reduction: the public blockchain ledger prevents from data tampering. Users receive a notification if their credit card is used online and can block the transaction from the app.

Secured data: ShoCard does not store any data or keys that could be compromised.

Fluid process: identity verification can be integrated seamlessly in an online purchase process.

How to use

Users download the ShoCard app, scan and sign their identity document, creating their digital signature through a hash. The app generates a private and a public key to seal the record.

Users certify their bank accounts with ShoCard (if their bank platform has a partnership with ShoCard).

Users can proceed with online payments and pass the authentication process from their mobile app. They get a push notification every time their credit card is used.

Illustration

ShoCard video presentation

Article “ShoCard Is A Digital Identity Card On The Blockchain” in TechCrunch